Verde Servicos Internacionais S.A. trimmed its stake in shares of United Technologies Corporation (NYSE:UTX) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,919 shares of the conglomerate’s stock after selling 887 shares during the quarter. United Technologies Corporation makes up about 1.3% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 26th largest holding. Verde Servicos Internacionais S.A.’s holdings in United Technologies Corporation were worth $6,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. increased its position in United Technologies Corporation by 14.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after purchasing an additional 125 shares in the last quarter. Alexandria Capital LLC increased its position in United Technologies Corporation by 0.4% during the 1st quarter. Alexandria Capital LLC now owns 1,075 shares of the conglomerate’s stock worth $121,000 after purchasing an additional 4 shares in the last quarter. Proficio Capital Partners LLC increased its position in United Technologies Corporation by 42.3% during the 1st quarter. Proficio Capital Partners LLC now owns 1,298 shares of the conglomerate’s stock worth $158,000 after purchasing an additional 386 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in United Technologies Corporation by 22.9% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the conglomerate’s stock worth $150,000 after purchasing an additional 249 shares in the last quarter. Finally, MCF Advisors LLC increased its position in United Technologies Corporation by 22.4% during the 1st quarter. MCF Advisors LLC now owns 1,550 shares of the conglomerate’s stock worth $174,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 78.85% of the company’s stock.

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Monday, June 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 price objective (up from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reiterated a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research report on Friday, June 2nd. BidaskClub upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Vertical Research cut shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, September 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $124.48.

United Technologies Corporation (UTX) traded up 1.82% during midday trading on Thursday, hitting $112.29. 2,488,027 shares of the stock were exchanged. The stock has a market cap of $89.69 billion, a PE ratio of 17.10 and a beta of 1.05. The company’s 50 day moving average is $116.50 and its 200-day moving average is $117.60. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, analysts expect that United Technologies Corporation will post $6.57 earnings per share for the current year.

United Technologies Corporation Company Profile

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.

Institutional Ownership by Quarter for United Technologies Corporation (NYSE:UTX)

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